Alliances and Networks Consider the entrepreneurial firm you

Alliances and Networks: Consider the entrepreneurial firm you researched startup costs for. Using the Internet and traditional library resources, research and write a three-page paper (minimum) recommending potential strategic alliances and networks for the firm in the country you chose. Use the Three-Stage Decision Model in making your recommendation.

Solution

A strategic alliance is a kind of business arrangement in which two or more than two firms cooperate for their mutual benefit. To share knowledge and expertise, firms may combine their efforts. Strategic alliance has become a essential tool for firms that are internationalizing their operations.

Characteristics of alliances are as follows:

Benefits of alliances are as follows:

Steps to create strategic alliance are as follows: